https://www.taxtmi.com/news?id=320 A BRC (Bank Realisation Certificate) module will be implemented to monitor export proceeds realisation for shipping bills under the Drawback Scheme. Exporters must submit port wise authorised dealer certificates detailing shipments outstanding beyond prescribed realisation periods-generally quarterly, or once in six months for status holders and exporters with extended realisation permission. The software will flag shipping bills lacking BRCs or negative statements and Customs will issue notices to recover drawback paid where proceeds remain unrealised. The module follows consultations with trade bodies and is to be operationalised from 1.4.08. en-us Thu, 13 Mar 2008 10:04:00 +0530 Tue, 24 Jun 2008 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=320 A BRC (Bank Realisation Certificate) module will be implemented to monitor export proceeds realisation for shipping bills under the Drawback Scheme. Exporters must submit port wise authorised dealer certificates detailing shipments outstanding beyond prescribed realisation periods-generally quarterly, or once in six months for status holders and exporters with extended realisation permission. The software will flag shipping bills lacking BRCs or negative statements and Customs will issue notices to recover drawback paid where proceeds remain unrealised. The module follows consultations with trade bodies and is to be operationalised from 1.4.08. News - Thu, 13 Mar 2008 10:04:00 +0530 https://www.taxtmi.com/news?id=320